Diversified Trust Co Decreases Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Diversified Trust Co reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,450 shares of the semiconductor company’s stock after selling 322 shares during the quarter. Diversified Trust Co’s holdings in Taiwan Semiconductor Manufacturing were worth $9,371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TSM. Norden Group LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 8.4% in the second quarter. Norden Group LLC now owns 1,943 shares of the semiconductor company’s stock worth $338,000 after acquiring an additional 151 shares in the last quarter. Asset Dedication LLC boosted its stake in Taiwan Semiconductor Manufacturing by 24.7% in the 2nd quarter. Asset Dedication LLC now owns 1,766 shares of the semiconductor company’s stock worth $307,000 after purchasing an additional 350 shares in the last quarter. Custom Index Systems LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $400,000. Certuity LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $302,000. Finally, Koss Olinger Consulting LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $530,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM traded down $5.52 during mid-day trading on Tuesday, reaching $214.49. The company had a trading volume of 9,694,314 shares, compared to its average volume of 13,679,856. The stock has a market capitalization of $1.11 trillion, a P/E ratio of 34.37, a PEG ratio of 0.93 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $99.98 and a 52-week high of $222.20. The stock has a 50 day moving average of $195.75 and a two-hundred day moving average of $182.34. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.02%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 35.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TSM. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.